허브 모터 시장 평가 : 설치, 차량, 모터, 판매채널, 전력 용량별 기회 및 예측(2018-2032년)

Global hub motors market is projected to witness a CAGR of 4.23% during the forecast period 2025-2032, growing from USD 14.12 billion in 2024 to USD 19.67 billion in 2032.

The market for hub motors is expected to grow as a result of increased efficiency, better technological integration, and a modular design. By supplying power straight to the wheels, hub motors improve a vehicle's performance and efficiency by enabling characteristics like quick acceleration and fast torque. Advancements in battery technology are crucial to the hub motors market expansion since they can increase performance and range, which highlights one of the main issues that electric vehicles are currently dealing with. Additionally, businesses are becoming more specialized in flexible hub motor designs that are modular in nature, allowing customers to tailor the assembly to their preferences in terms of vehicle segment.

Technological innovations are enhancing the efficiency and performance of hub motors. Developments such as improved battery integration and modular designs allow for better customization and scalability in electric vehicles. These advancements enable quicker acceleration, better torque control, and overall improved driving experience. Furthermore, governments worldwide are implementing stringent regulations to reduce carbon emissions and offering subsidies for EV manufacturers, further stimulating demand for hub motors integrated into electric bikes and scooters, which provide efficient power delivery and enhanced performance. Companies are building new

For instance, in June 2024, MAHLE GmbH (MAHLE SmartBike Systems) launched the new system X30. The new MAHLE X30 expands the X-Series system platform and includes a motor, battery, HMI (human machine interface), and additional parts. The new motor is the focal point. This sturdy and useful device provides balanced and adaptable support while preserving the light, sporty, and intelligent DNA that characterizes all MAHLE products.

Increasing DIY Electric Vehicle Conversions and Technological Advancements to Fuel Market Growth

This hub motor trend of converting normal bicycles into electric versions is being rapidly adopted by customers interested in sustainable transport solutions. A DIY (Do it Yourself) process that encourages good green practices and helps open new markets for hub motors, other than the conventional uses, would be supported by an increase in demand for low-cost kits of hub motors for electric mobility, whereby still more people inclined to be sustainable and cost-conscious will want to adopt electric mobility.

Additional educational resources for consumers regarding online marketplaces and e-commerce websites complement the study of hub motors and their advantages. More detailed descriptions of products, consumer feedback, and comparative tools help buyers make better decisions. As electric vehicles become more popular, especially e-bikes and electric scooters, people are more likely to demand such products with greater efficiency and compactness due to the utilization of hub motors. Companies expand their product portfolio with new facilities while adhering to the regional market.

For instance, in November 2022, Weber Drivetrain Pvt. Ltd. launched a manufacturing facility for BLDC hub motors manufacturing facility in Pune, India. In order to manufacture BLDC Hub Motors and Controllers for Electric Vehicles that are 100% Made in India and that adhere to the regulatory standards of the Indian market, this new facility have a manufacturing plant that integrates major automation, including the newest semi-robotics and state-of-the-art manufacturing machinery.

Performance Enhancements and Versatility to Shape Market Growth

Hub motors are used in electric bicycles, scooters, motorcycles, and even cars. This makes it easier for the manufacturer to target multiple segments, thus attracting a wider range of customers, from casual riders to serious commuters, and hence increasing overall market demand. Hub motors come in geared and gearless varieties and have specific advantages, such as improved torque, efficiency, and handling. Such improved performances drive consumers to desire improved acceleration and performance, thus enhancing sales with manufacturers innovating in ways to meet consumer demands.

Different designs of hub motors are available to be customized in electric vehicles. This flexibility facilitates product tailoring for markets or consumer preferences, creating a platform for innovation and the entry of more market players. With the momentum towards environmentally friendly transportation, compact, and efficient hub motors suit green initiatives. This fits in well with the demands and boosts research and development investment, propelling further growth in the market. Companies built their hub motor systems to deliver a wide range of applications.

For instance, in March 2023, Schaeffler India (Schaeffler AG) electrified its municipal utility vehicles with in-wheel electric drives. Schaeffler's wheel hub motors have a broad range of inner-city mobile machinery applications, including street sweeping, snow clearing, and waste collection. The company aims to see its wheel hub motors used in more utility and service vehicles in towns and cities, factory campuses, logistics centers, ports, airports, and large parking facilities.

Eco-friendly Transportation and Government Investment to make the E-Bike Segment Leading

Based on vehicles, the e-bike segment leads the hub motors market. The segment thrives as consumers are increasingly seeking sustainable alternatives to traditional vehicles. E-bikes offer a zero-emission mode of transport, appealing to those looking to reduce their carbon footprint while enjoying the convenience of cycling. Many governments worldwide are promoting e-bike adoption through subsidies, tax incentives, and investments in cycling infrastructure. For example, programs in Europe, such as France's subsidy for trading in old cars for e-bikes, encourage consumers to switch to greener transportation options.

Innovations in battery technology, particularly lithium-ion batteries, have significantly improved e-bike performance. These advancements lead to longer ranges, faster charging times, and enhanced overall efficiency, making e-bikes more appealing to consumers. Companies launch new drive systems comprising advanced hub motors for e-bikes.

For instance, in June 2024, AXIMO (Hirschvogel Group) and FIT (Biketec GmbH) partnered and launched its e-bike drive system on the market. The DD60 wheel hub motor, which is in direct rotor design, is the central component of the AXIMO e-bike propulsion system. It impresses with its silent power delivery and pleasant riding qualities without the need for a gearbox. The noiseless riding experience is completed by an inaudible freewheel. Numerous charging options, smartphone connectivity, battery versions ranging from 550 to 1,000 Wh, and a wide range of cockpit solutions will all be accessible.

Asia-Pacific Leads in the Hub Motors Market

Based on region, the Asia-Pacific leads the market and is expected to hold the major share during the forecast period. The population size in countries like China and India drives substantial demand for two-wheeler electric vehicles, which are often equipped with hub motors, as they offer an affordable and efficient mode of transportation. Rapid urbanization in these nations has led to congested city streets, increasing the need for compact and eco-friendly mobility solutions, perfectly suited to the advantages of hub motors. Furthermore, proactive government policies and incentives aimed at promoting electric mobility significantly stimulate both production and consumer adoption. The region also benefits from a robust manufacturing infrastructure that facilitates cost-effective production of hub motor-equipped vehicles, making them accessible to a wide range of consumers. Additionally, the well-established electric charging infrastructure enhances the convenience of using e-bikes and other electric vehicles, further boosting market growth as more consumers opt for sustainable transportation options in their daily lives.

For instance, in February 2024, Kabria Mobility launched two new electric motorcycles in India - KM3000 and KM4000. The two electric motorcycles feature an aluminum core hub motor powertrain, developed in collaboration with Foxconn.

Future Market Scenario (2025 - 2032F)

With more people using electric vehicles, particularly electric bicycles and scooters, the hub motor industry is guaranteed to grow.

It is anticipated that ongoing advancements in battery technology and motor design will enhance hub motor performance and efficiency to the point where they also help shift customer perceptions of these goods.

Production and adoption of hub motors is expected to thrive with ensuring capital flows from government policies and incentives aimed at electric mobility.

Consumers are likely to be influenced to pursue greener travel options, making hub motors the perfect solution for sustainable movements.

Key Players Landscape and Outlook

Key market players in the hub motor sector are adopting strategic approaches to enhance their competitive edge and drive growth. These strategies include investing heavily in research and development to innovate and improve the efficiency, performance, and reliability of their products. Collaborations with technology firms and partnerships with electric vehicle manufacturers are also common, enabling the integration of advanced features and expanding market reach. Additionally, players focus on direct-to-consumer sales models through e-commerce platforms, allowing for better customer engagement and feedback. They are also emphasizing sustainability by adopting eco-friendly manufacturing processes and promoting the environmental benefits of their products.

For instance, in October 2023, Robert Bosch GmbH showcased its next-generation electric wheel hub motors at EICMA 2023. Smooth Riding mode, electric traction control, and energy recuperation are just a few of the features that this motor and Bosch Drive Control Unit promise to maximize efficiency and safety.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Automation Capabilities
  • 4.3.2. Advanced Imaging Technology
  • 4.3.3. Software Integration
  • 4.3.4. Flexibility and Compatibility

5. Global Hub Motors Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Installation
    • 5.2.1.1. Front
    • 5.2.1.2. Rear
  • 5.2.2. By Vehicles
    • 5.2.2.1. E-Bikes
    • 5.2.2.2. E-Scooters/Mopeds
    • 5.2.2.3. E-Motorcycles
  • 5.2.3. By Motor
    • 5.2.3.1. Geared
    • 5.2.3.2. Gearless
  • 5.2.4. By Sales Channel
    • 5.2.4.1. OEM
    • 5.2.4.2. Aftermarket
  • 5.2.5. By Power Capacity
    • 5.2.5.1. Below 1000 W
    • 5.2.5.2. 1000-3000 W
    • 5.2.5.3. Above 3000 W
  • 5.2.6. By Region
    • 5.2.6.1. North America
    • 5.2.6.2. Europe
    • 5.2.6.3. Asia-Pacific
    • 5.2.6.4. South America
    • 5.2.6.5. Middle East and Africa
  • 5.2.7. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Product
  • 5.3.2. By Application
  • 5.3.3. By End-use
  • 5.3.4. By Region

6. North America Hub Motors Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Installation
    • 6.2.1.1. Front
    • 6.2.1.2. Rear
  • 6.2.2. By Vehicles
    • 6.2.2.1. E-Bikes
    • 6.2.2.2. E-Scooters/Mopeds
    • 6.2.2.3. E-Motorcycles
  • 6.2.3. By Motor
    • 6.2.3.1. Geared
    • 6.2.3.2. Gearless
  • 6.2.4. By Sales Channel
    • 6.2.4.1. OEM
    • 6.2.4.2. Aftermarket
  • 6.2.5. By Power Capacity
    • 6.2.5.1. Below 1000 W
    • 6.2.5.2. 1000-3000 W
    • 6.2.5.3. Above 3000 W
  • 6.2.6. By Country Share
    • 6.2.6.1. United States
    • 6.2.6.2. Canada
    • 6.2.6.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Hub Motors Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Installation
        • 6.3.1.2.1.1. Front
        • 6.3.1.2.1.2. Rear
      • 6.3.1.2.2. By Vehicles
        • 6.3.1.2.2.1. E-Bikes
        • 6.3.1.2.2.2. E-Scooters/Mopeds
        • 6.3.1.2.2.3. E-Motorcycles
      • 6.3.1.2.3. By Motor
        • 6.3.1.2.3.1. Geared
        • 6.3.1.2.3.2. Gearless
      • 6.3.1.2.4. By Sales Channel
        • 6.3.1.2.4.1. OEM
        • 6.3.1.2.4.2. Aftermarket
      • 6.3.1.2.5. By Power Capacity
        • 6.3.1.2.5.1. Below 1000 W
        • 6.3.1.2.5.2. 1000-3000 W
        • 6.3.1.2.5.3. Above 3000 W
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Hub Motors Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Hub Motors Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Hub Motors Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Hub Motors Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Siemens AG
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. TDCM Corporation Limited
  • 20.3.3. Schaeffler AG
  • 20.3.4. Michelin Group
  • 20.3.5. NTN Corporation
  • 20.3.6. Robert Bosch GmbH
  • 20.3.7. Cutler MAC (Shanghai) Brushless Motor Co., Ltd
  • 20.3.8. QS Motor Limited
  • 20.3.9. Weber Drivetrain Pvt. Ltd.
  • 20.3.10. Elaphe LTD

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer